Markets may open flat to negative amidst mixed global cues

The Indian markets made a gap-up opening and thereafter, it traded on firm note throughout the day, with the Nifty index surging to close at a fresh record high on Monday. The Sensex jumped 151 points to close at 32,424 while the Nifty gained 68 points to close at 10,153. The broader market witnessed good buying and both the Mid-cap and Small-cap indices outperformed the Sensex.

The European markets after a solid start to the day remained range-bound and ended the Monday’s session with decent gains. The FTSE 100 of the UK gained 0.52%. The German DAX Index rose 0.32% and the French CAC 40 Index surged 0.30%.

The US’ stock benchmark advanced on Monday as the Dow and the S&P 500 index closed at record levels. The Dow Jones Industrial Average climbed 63 points to close at 22,331. The S&P 500 index rose 4 points to close at 2,504. The Nasdaq Composite Index gained 6 points to close at 6,455. Market participants are looking forward to the Federal Reserve’s two-day policy meeting, which will begin on Tuesday.
 
Asian shares were mixed in early trade on Tuesday. The Japan’s Nikkei 225 has surged 1.43% while the Hong Kong’s Hang Seng has lost 0.21% and the China’s Shanghai Composite has shed 0.03%.

Domestic markets are expected to open with minor losses on Tuesday due to the mixed cues from Asian markets. The Nifty futures on the Singapore Exchange were trading at 10,162 with losses of 17 points.